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Land prices soar

FORMER Rehene managing director Alan Penn was given an 18-month suspended jail sentence after being found guilty on 27 charges of deception.

Penn, of Campbell Avenue in Ilford, east London, was accused of fraudulently claiming on a health insurance policy after a car accident while he was still working on projects in London.RESIDENTIALbuilding land prices have risen faster during the past three months than at any time since 1994.

According to research by property specialist FPD Savills, the average price of residential land in the UK is £471,725 an acre, up 8.2 per cent on the second quarter.